Tata Chemicals has acquired 97,00,000 equity shares having face value of Rs 1 each of Rallis India (Rallis), a listed subsidiary of the company, at Rs 215.05 per equity share representing 4.99% of the paid-up share capital of Rallis by way of a block deal today i.e. July 18, 2023. The aforesaid acquisition has resulted in increase in shareholding of the company in Rallis to 55.04%.
Tata Chemicals is the second-largest producer of soda ash in the world with manufacturing facilities in India, UK, Kenya and USA. It is India’s leading crop nutrients player and a leading player in crop protection business through its subsidiary Rallis India.